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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (1769)	11/22/1997 2:17:00 PM
From: jkb	Respond to of 4969

I think I learn something new with just about every one of your posts. Appreciate your work. -Jay

To: steve goldman who wrote (1769)	11/22/1997 5:37:00 PM
From: Harry Ehrlich	Read Replies (1) \| Respond to of 4969

Question on wide spreads: I recently saw a post where two day traders were exchanging stock picks that typically traded with a wide spread. I got the impression that they felt this was a favorable condition and that they like to trade stocks with high spreads. I did not understand this. From my point of view, a wide spread means an immediate loss. If a stock has a 3/4 point spread, that's a lot to overcome before making a profit. And if the stock moves against you slightly, you're already out a full point. Can someone shed some light on this for me. Thanks. Harry

To: steve goldman who wrote (1769)	11/23/1997 4:37:00 PM
From: ET	Read Replies (1) \| Respond to of 4969

steve.......rawlings [ rawl ]....,had news on friday after the close ,could you look at that and tell me if you think i'll get a decent pop on monday........thanks.......

To: steve goldman who wrote (1769)	11/23/1997 11:57:00 PM
From: Luce Wildebeest	Read Replies (1) \| Respond to of 4969

Steve what do you think of selling at a loss to cover capital gains. I recently have bought stock in three companies I have owned for some time that I feel will never reach what was initially paid. I'm waiting 30 days minimum to sell stock in these companies and take a tax loss before year end. I have lost alot on these stocks but feel there will be a recovery so I can get back something of what I have lost that is why I have bought in at current low levels. Am I missing something or does this strategy make sense to you. I appreciate your level of expertise and where you are coming from on this thread. You are an invaluable contributor. Thanks.